NZ records first November trade surplus since 1991 as China becomes biggest trading partner

Thu, 19 Dec 2013

By Paul McBeth Dec. 19 (BusinessDesk) - New Zealand reported its first trade surplus for the month of November in 22 years as rising dairy exports into China made it the country’s biggest trading partner. The trade balance turned to a surplus of $183 million in November, the first since 1991, turning around a deficit of $173 million in October, and a shortfall of $587 million a year earlier, according to Statistics New Zealand. The annual trade deficit narrowed to $248 million from $1 billion in October, and $1.39 billion in November 2012....

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